The Japanese Nikkei index fell 0.23% to 28,864.32 points and recorded a loss for the second week in a row. The TOPIX index closed down 0.61% to 1,896.18 points. The drop comes after a weaker performance last night at the close on Wall Street that resulted in the Nasdaq index …
Read More »Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Market Analysis
March, 2021
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5 March 2021 1:11 am
Oil Prices Close 4.2% Higher After OPEC+ Extend Cuts
Oil prices rose on Thursday, supported by the extension of crude output cuts by OPEC+ until the end of April. Brent crude futures for May delivery rose by $2.67, or 4.2%, to close at $66.74 per barrel, recording its highest finishing level since February 25. Meanwhile, the West Texas Intermediate …
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4 March 2021 11:49 pm
OPEC+ Extends Output Cuts into April
The Organization of the Petroleum Exporting Countries (OPEC) and its partners, forming an alliance known as OPEC+, agreed on Thursday to extend most crude oil production cuts until the end of next month. While Russia and Kazakhstan were allowed limited eases in output curbs, of 130,000 barrels per day (b/d) …
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4 March 2021 11:34 pm
Gold Closes at Lowest Level in Nine Months
Gold prices declined on Thursday, as the U.S. Dollar (USD) continued to rise due to rising Treasury yields. U.S. Treasury bond yields continued to rise today, as Federal Reserve Chairman Jerome Powell suggested that the Fed is closely monitoring changes in the bond market but said that current increases are …
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4 March 2021 11:26 pm
Goldman Sachs Raises Benchmark Treasury Yield Target to 1.90%
Goldman Sachs has raised its Treasury bond yield target, expecting the benchmark 10-year bond rate to reach 1.90% by the end of 2021, according to a research note on Thursday. The forecast comes amid a selloff in the bond market, MarketWatch noted. “The already material repricing in global yields will, …
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4 March 2021 10:43 pm
U.S. Treasury Yields Rise Following Powell’s Remarks
Treasury bond yields in the United States continued to noticeably rise on Thursday, after the Chairman of the U.S. Federal Reserve, Jerome Powell, noted that the Fed is monitoring the debt market to observe any tightening conditions. Powell said that some inflationary pressures are expected in the coming period, but …
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4 March 2021 10:34 pm
Powell’s Comments Spark Negative Market Reaction
The Chairman of the United States Federal Reserve, Jerome Powell, expects a rise in inflation in the U.S. in the coming period, but ruled out that it will impose enough pressure to raise interest rates. “We expect that as the economy reopens and hopefully picks up, we will see inflation …
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4 March 2021 9:39 pm
European Stocks Fall as Treasury Yields Rise
European stocks declined on Thursday as Treasury yields rose, with the pan-European STOXX 600 index losing 0.38%, after falling by 1% earlier in the session. The basic resources sector fell by 4.3%, while the utilities sector gained 1.7%. The French CAC40 index closed marginally higher by 0.01%, while the German …
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4 March 2021 8:23 pm
Dollar Rises Strongly Against Safe Haven Currencies
The U.S. Dollar (USD) rose on Thursday against safe-haven currencies, such as the Japanese Yen (JPY) and the Swiss Franc (CHF), supported by the increase in Treasury yields. The USD/JPY pair is up for the day by 0.57%, trading at 107.620. The pair has been moving today in a range …
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4 March 2021 7:30 pm
U.S. Natural Gas Inventories Down 98 bscf in Week: EIA
Natural gas inventories in the United States decreased by 98 billion cubic feet (bscf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The decline in natural gas supplies came below market expectations that pointed to a drop of 137 bscf for the week ending on …
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4 March 2021 7:00 pm
U.S Factory Orders Rise 2.6% in January
Factory orders in the United States increased by 2.6% in January, data by the U.S. Census Bureau showed on Thursday. The reading exceeds that of market expectations, as a recent Dow Jones and Wall Street Journal poll of market experts expected a 2.3% increase in factory orders. The manufacturing sector …
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4 March 2021 5:52 pm
US: Weekly Initial Jobless Claims Rise to 745K
There were 745,000 initial claims for unemployment benefits in the US during the week ending February 27, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous one of 736,000 and came in better expectation of 750,000.
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4 March 2021 5:34 pm
New Car Sales in Britain Fall in February
Preliminary data from the Union and distributors of automotive manufacturers in Britain showed that new car registrations fell by about 36% in February on an annual basis as forced public isolation procedures imposed anti-covid-19. The union noted that the volumes sold are at their lowest level in February since 1959. …
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